I don't trade equities much anymore but like to keep a couple on hand for long term positions. This stock has been beaten up for a long time but may finally be finding a bottom. It is a Canadian Utility company and they turned a profit in the last quarter. They have a dividend yield of over 11% so it looked like a great price to buy a stock to hold onto for a while.
The DXY made the death cross on the 1D chart, aka the 50 and 100 day moving averages crossed to the down side. This is happening with the price touching the moving average support on the 1W chart as well. In the past when this has happened in conjunction with a higher MACD reading the price goes into a considerable bear market. If so the first real support level...
We have taken out the range highs here on EURUSD. That means that the stops have been triggered and essentially, a daily stop run has taken place (look at how long price spent above the range highs and then fell again). I would be looking at a close below 1.1020 to suggest a further move downwards sub-1.0800, but the clearance of the range highs and a sharp move...
Starbucks MACD is primed for a rally. RSI indicator is sub-par but still cheap because the "rush rally" hasnt started yet. Support wedges and SMA's - along with some thorough fundamental analysis - says SBUX is going to take off in September. Suggestion: Be the early bird on SBUX
THIS ANALYSIS OFFERS VARIOUS SUPPORT/RESISTANCE LEVELS. FUNDAMENTALLY, I DO NOT SEE OIL GOING BELOW OUR 10 YEAR ALL-TIME LOW, OR SURPASSING SUPPLY OUTPUTS THAT WE SAW PREVIOUSLY THIS YEAR IN OPEC PRICE WAR. IT IS SMART TO ACCUMULATE A POSITION OVER TIME THROUGHOUT 2015 IN THE $40-50 RANGE FOR A LONG-TERM HOLD.
In case of a 97.15 level breakout, Price will possibly lead to 100 area.
We have formed cup formation, now we should retrace a little bit and form handle. So after this retrace if we brake 297 $ we should go up to around 380$
Description here: www.coinstreetnews.com Short term nearly ready to short. Long term l still loads of long potential.
Based on previous structure, it is possible that we could have a retest of the upper trendline. The blue area indicated is a potential area of support. Form your own opinions. This is not to be interpreted as investment advice. Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
sure, why not go long! 1D trying to break above trend. MACD is meh, but the buy volume of the last 2 days is the highest volume in a while. since so many other alts are moving and it is not, averaging here is decent.
Almost time to go long....waiting. Explanation here: www.coinstreetnews.com
description here: www.coinstreetnews.com
Description here: www.coinstreetnews.com
Dont see much upside in the fundamentals, the only worry is that everything including the longterm is already counted in. Im really concerned of the spread of ISIS which might influence my view. I think news will decide direction, short or sideways with bias to the medium term trend which is bearish.
Seems like DOGE is trying to make a blow off top. I am not saying it is going to do another full wave up like last time, it could do 2 or 3, point is that this first 4step wave is going for a nice run.
More often than not BTC trends down after the MACD has peaked and crosses into negative territory while being oversold. sometimes is trends sideways to build momentum before going up, so it would be easy to exit, but far more often it seems to trend down.
4H is at the tip of a wedge and price is at the ceiling of an upper resistance sloping trendline. This start of the trading week should see some really nice price action. I am waiting for the wedge to break before taking a position.